Free Markets, Free People

Economic Statistics for 7 Aug 15

The Labor Department reports that a mediocre 215,000 net new jobs were created in June, with the unemployment rate unchanged at 5.3%. Also unchanged was the labor force participation rate, at 62.6%. Average hourly earnings rose 0.2%, while the average workweek increased by one tick to 34.6 hours.

Consumer credit rose a strong $20.7 billion in June, including a strong gain of $5.5 billion for revolving credit.


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